Russian Economy General News: #3

Well, this sure does take away the theory it is tied directly to oil. At this point, I say they go out and call a spade a spade. Make it clear that attacking their currency is attacking their country and go after who is who, and that are the 5th colounmists in CB first.

Vann, you are not very smart. Kurdin was one of the worst for Russia. Under him, there were NO investments in Russia. Kurdin was riding the oil wave. As well, see how well it worked? Ruble down even more after rate hike? Yeah, keep telling yourself you are correct, while the real world is seeing a different picture.

Vladimir79 wrote:The collapse of the rouble is making my mothers state pension worthless.  Im getting her on a plane to stay with us, i will not let her suffer 1998 again.  

And where are you now? If still in Perm, then good on ya for helping to take care of your mom. Not a lot are willing to do that these days.

I doubt repeat of 1998 will happen again, but there is a possibility of that or a major economic change that may make transactions nearly impossible into other currencies or prices will go by demand within Russia, not forex. So far, are all prices still listed in Rubles? Or are they now pricing in usd like in 90's? I figure tough times are not here yet.

Werewolf wrote:The rate of dollar to rouble shows you that this is all artificially manufactored and not just from one side abroad but also inside = CBR and 5th columnists. Such a devaluation can not happen by normal market not in such a rate.

On cnbc they speculated that someone is attacking the ruble. Some say George Soros.

Due to volitility of ruble, usdrub trading has closed until further notice. This is outright economic warfare against Russia. So rub cannot be exchanged as of right now, meaning trade outside will be hard.

Some rather suspicious shit going on.
And how this will play out is rather puzzling too.

Normal speculators can only speculate so far. Even if their fundamentals are right, they need deep pockets to go "contrarian" ie against the market.

Russia has:-
1)Lower oil (and price manipulation)
2)slight weakening eg Eurocoward sanctions etc.
3)Another aspect - which seems to be blag ie bullshit driven
ie market manipulation.

The US and Britain regularly manipulate markets - LIBOR, Forex etc. And Brent crude is easy to manipulation because its a price worked out from a tiny number of suppliers.

The dollar basically tries to be a rule unto itself. My guess is that there are scams going on in relation to US oil and gas production. And I think its big banks (like England's) are hiding yet more massive debts. I suspect that the speculative attacks on the ruble and crude oil are by those with *unrealistically* large pockets.

In other words, the US state is backing these trades. But not with money, with thin air.
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My real concern is what can Russia do to counter this.
It seems to be stopping Russia's idea of having a free float ruble.
OR perhaps America will have to give up its attacks, and the ruble can be free floating.

There's also the central bank issue in Russia. Will Putin have a purge? Will it then be a more "internal market" system in Russia?

Or will Russia ignore NATO and her gimps?

Russia could seize NATO power assets - because NATO countries have broken the rules of intl trade. It looks like we're seeing economic terrorism against Russia. Perhaps this is all "market hysterics" ie drama that will fade away in the New Year, with a rise in oil prices, and Europe begging for gas.

Maybe Russia will flood the US with "super dollars" ie fake dollars that even regional Fed Reserve computers cant detect.

Many unanswered questions..